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Roskill: Chinese companies step up their pursuit of lithium resources

Green Car Congress

Jilin Jien, which bought the Québec Lithium mine and lithium carbonate conversion plant from its creditors in 2016, is understood to have entered bankruptcy in China and had struggled to raise the funds to complete the re-commissioning.

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CRU: lithium price downtrend continues, with disappointing EV sales in China the driver

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Many market players look to Chinese lithium spot prices as a bellwether of market health and therefore the continued decline of lithium prices in China has put mounting pressure on the global lithium market, CRU says. Chinese EV sales through to July totalled 696,000 this year. Although this marks an impressive 41.5%

Price 243
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Benchmark Mineral Intelligence: Lithium oversupply not likely

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However, Benchmark points out, known domestic Chinese spodumene and other hard rock resources are low-quality, a key reason why there has been an increasing reliance by Chinese converters on Australia for supply instead. Building upstream of the EV battery supply chain takes time and rarely goes to plan.

Price 231
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CRU: Lithium prices plunging as hype meets reality; impact of new supply, disappointing BEV sales

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Chinese EV sales through to July totalled 696,000 this year, an impressive 41.5% However, the analysts nonetheless believe that low spodumene prices and ample conversion capacity will cause prices to continue their decline in the short-term. Portable electronics have long been the mainstay of lithium demand.

Price 252